An electrophoretic display device includes: a transparent substrate positioned at a display side and having a transparent front electrode; a wiring substrate disposed to face the transparent substrate and having a field applying unit; a spacer disposed between the transparent substrate and the wiring substrate and having a plurality of accommodating holes with upper and lower portions open; and a plurality of microcapsules respectively positioned in the plurality of accommodating holes and including a dispersion solvent encapsulated with a plurality of charged particles contained therein, wherein the accommodating holes comprise upper holes with a width for receiving the microcapsules and lower holes allowing the microcapsules to be mounted thereon.