A light emitting device capable of simplifying its manufacturing process and/or suppress vacuum leakage by improving its terminal structure and a display device having the same. The light emitting device includes a first substrate assembly, a second substrate assembly, and a sealing member for bonding the first substrate assembly with the second substrate assembly. The first substrate assembly includes a first substrate main body having recess portions, first electrodes within the recess portions, electron emission regions on the first electrodes, and second electrodes at a distance away from the electron emission regions and fixed to a surface of the first substrate assembly. Here, a first portion of the second electrode including a first end portion of the second electrode is exposed out of a region surrounded by the seal member and out of the seal member and is used as a terminal connected to an external circuit.