An LCD device and a method for manufacturing the same are disclosed, which can reduce resistance of a common electrode formed on an upper substrate. The LCD device includes first and second substrates facing to each other, a plurality of color filter films formed in each pixel region on the first substrate, a plurality of gate and data lines formed on the color filter films to cross one another to define the pixel regions, a plurality of TFTs formed at crossing points of the plurality of gate and data lines, a plurality of pixel electrodes formed in the pixel regions on the first substrate, a plurality of island shaped first black matrix films formed on portions of the second substrate corresponding to the TFTs, and a plurality of common electrodes formed on an entire surface of the second substrate including the first black matrix films.