An LCD device adapted to implement a higher aperture ratio and to reduce its power consumption is disclosed. The LCD device includes: gate lines and data lines crossing each other to define pixel regions; a thin film transistor formed in each intersecting region of the gate lines and the data lines; a reflection electrode of plane shape, electrically connected to a drain electrode of the thin film transistor; a pixel electrode disposed in each of the pixel regions; and a common electrode having a slit structure, over the pixel electrode and the reflection electrode.