A display device and a method of manufacturing the same are disclosed. The display device includes a lower substrate, subpixels positioned on the lower substrate, and a fine alignment key positioned in at least one of the subpixels. The method of manufacturing the display device includes forming an alignment key outside a target substrate and forming a fine alignment key inside an active area defined as a display area on the target substrate, aligning the target substrate and a mask substrate using the alignment key and the fine alignment key, and performing an exposure operation using the target substrate and the mask substrate.