A liquid crystal display includes a light source and a liquid crystal panel, wherein the liquid crystal panel includes a first substrate on the light source, a second substrate facing the first substrate, a liquid crystal layer between the first substrate and the second substrate, a color conversion layer between the second substrate and the liquid crystal layer, and including a light emitting element configured to receive a first visible light from the light source and emit a second visible light, a first polarizing layer between the liquid crystal layer and the color conversion layer, and a first phase difference layer between the liquid crystal layer and the first polarizing layer.