In one embodiment, the DAC includes an analog gray voltage generation unit configured to generate a plurality of analog gray voltages, and a first decoder configured to select two different voltages of the plurality of the gray voltages as a first level voltage and a second level voltage, respectively, in response to an upper K-bits of N-bit input image data. Here, N may be an integer not less than two, and K may be an integer less than N. A second decoder may be configured to repeatedly distribute the first level voltage and the second level voltage to output a plurality of distributed voltages in response to a lower L-bits of the N-bit input image data. Here, L may be equal to N subtracted by K, and L may be less than K. An interpolated voltage generation unit may be configured to generate an interpolated voltage based on the plurality of distributed voltages.