A liquid crystal display device includes a first substrate, a second substrate facing the first substrate, a liquid crystal capsule layer disposed between the first substrate and the second substrate, a first field-generating electrode disposed on a first surface of the first substrate facing the second substrate, a second field-generating electrode disposed on a first surface of the second substrate facing the first substrate, and a first insulating layer disposed between the first field-generating electrode and the liquid crystal capsule layer or between the second field-generating electrode and the liquid crystal capsule layer, wherein the liquid crystal capsule layer includes a conductive buffer layer and a plurality of liquid crystal capsules, which are distributed in the conductive buffer layer.