An LCD device and a method of driving the same are provided. The LCD device includes a panel, one or more gate driver IC, a timing controller, and a source driver IC. The gate driver IC sequentially drives a plurality of gate lines formed in the panel. The timing controller controls the gate driver IC. The source driver IC simultaneously transfers image data from a first latch to a second latch according to a latch signal, converts the image data transferred from the second latch into data voltages, and outputs the data voltages to the panel at a falling time of a source output enable signal.