Disclosed is a liquid crystal display device, including: first and second substrates, which are spaced apart from each other by a predetermined interval while facing each other; a reflective polarizing plate disposed under the first substrate, and including a first refractive index layer and a second refractive index layer, which have different refractive indexes and are repeatedly stacked; first and second compensation layers sequentially stacked on the second substrate, and an upper polarizing plate including a polarizing layer formed on the second compensation layer; and a liquid crystal layer formed between the first and second substrates.