Disclosed are a fusing device with improved temperature increase and fusing performance characteristics and an image forming apparatus having the same. The fusing device can include a heater to generate heat, a fusing belt arranged around the heater, a rotating member, a press member and a heat shield unit. The rotating member may be configured to come into contact with an outer periphery of the fusing belt. The press member may be configured to be press a portion of the fusing belt toward the rotating member to define a fusing nip between the fusing belt and the rotating member. The heat shield unit configured to surround the press member to reduce the amount of heat delivered to the press member.