An LCD according to an embodiment of the present invention includes a liquid crystal panel assembly including two panels facing each other and a liquid crystal layer interposed between the two panels and having positive dielectric anisotropy. A pair of polarization films are attached to the outer surfaces of the liquid crystal panel assembly, respectively. A positive or negative a-plate compensation film having reverse wavelength dispersion that ¥Än increases as the light wavelength increases and a negative hybrid c-plate compensation film are inserted between the liquid crystal panel assembly and each of the polarization films.