A method of processing an image, including estimating a point spread function (PSF) of an acquired image, and performing image restoration on the acquired image using the estimated PSF based on a generalized Gaussian model using inverse filter frequency domain so as to perform image restoration at high speed and to prevent a halo effect. The method provides high speed processing while preventing a halo effect. The apparatus includes an ultrasonic imaging apparatus including: an ultrasonic probe to irradiate an object with ultrasonic waves and to receive ultrasonic echo waves reflected from the object; a beamformer configured to perform beam forming based on the ultrasonic echo waves received by the ultrasonic probe; an image restorer configured to restore the image beam formed by the beamformer based on a generalized Gaussian model; and an postprocessor configured to suppress noise and aliasing which are produced in the process of restoring the image.