A display device having a transmissive area and a reflective area includes a first substrate, a reflective electrode formed on the first substrate, wherein the reflective electrode is disposed in the reflective area, a second substrate facing the first substrate, a plurality of color filters formed on the second substrate, wherein the plurality of color filters have light holes in the reflective area, and a common electrode formed on the second substrate, wherein an area of the tight holes is more than about 20% of an area of the color filter in the reflective area.