To facilitate a systematic and comprehensive capturing of small-scale fisheries’ societal contributions, this chapter proposes a ‘value-contribution matrix’ and applies it to the case of a swimming crab fishery in South Korea. In the matrix, objective, subjective, and relational values are identified for the major stakeholder categories such as fishers, a coastal community and the wider society. Through consideration of these values, multifaceted contributions of the swimming crab fishery were examined and their governance implications drawn. Around the world, small-scale fisheries have been unduly dismissed in policy despite their ubiquity.