Provided is a liquid crystal display including: a lower display panel including a lower insulating substrate and a lower reflective layer; an upper display panel including an upper insulating substrate and an upper reflective layer; a liquid crystal layer positioned between the lower reflective layer of the lower display panel and the upper reflective layer of the upper display panel; and a backlight unit positioned on a lower portion of the lower display panel and including a light source, wherein a pair of field generating electrodes are formed in at least one display panel of the lower display panel and the upper display panel, wherein microcavities are formed in the lower reflective layer, the upper reflective layer, and the liquid crystal layer, and wherein a wavelength and luminance of light resonated and emitted in the microcavities are changed by an electric field generated by the field generating electrodes.