Discussed is a liquid crystal display device that includes a substrate having a pixel electrode and a common electrode formed thereon, a first polarizing plate on a bottom surface of the substrate, and having a polarizing axis of a first direction, a nanocapsule liquid crystal layer on the pixel electrode and the common electrode, and including a buffer layer and nanocapsules, each nanocapsules being filled with liquid crystal molecules, being oil-soluble, and being dispersed in the buffer layer, and a second polarizing plate on the nanocapsule liquid crystal layer, and having a polarizing axis of a second direction perpendicular to the first direction.