Disclosed is a an organic light emitting device including a first electrode and a second electrode; and an organic layer formed between the first electrode and the second electrode, in which the organic layer includes a compound represented by Formula 1 and the second electrode is a double-layer structure comprised of LiF:Mg. Accordingly, an organic light emitting device which has excellent voltage efficiency and emission efficiency and may improve service-life characteristics, and an organic light emitting display device using the same may be provided.