The underlying principle of environmental conservation and restoration is to receive continuous services from nature. In this context, the basic objective of oil spill response and recovery activities is to allow affected residents to retain sustainability of their daily livelihood and productive environment. Hence, monitoring the status of socio-economic impact and the extent of restoration is an important parameter in the restoration effort to repair the damaged functions of environmental services with oil spill accident. However, assessment of socio-economic impact poses investigators with much difficulties in selecting the most appropriate approaches because the process often involves various stakeholders, directly and indirectly. Moreover, the analyses and interpretation of the results also pose a great challenge. The present study monitored fisheries and tourism numbers which were considered as major local socio-economic indicators of living and production environment affected by M/T Hebei Spirit oil-spill accident. This monitoring was conducted by examining the published papers and statistical reports. This was supplemented by surveying how the local residents actually felt about the damage and recovery for the first time in Korea. The results showed that the rate of the recovery was about 40~50 %, and the rate of the recovery seemed to be slowed or decreased. However, what the local residents actually felt was 2~10 points less than the literature surveys and statistical reports. These results suggested limits to using only the literature and statistical surveys for the traditional socio-economic impact assessment. The study also showed the need to include in the impact assessment process what and how the local residents actual feel about the oil spill damage and recovery process.