Disclosed is a liquid crystal display which includes a first display panel including a plurality of pixel electrodes, a second display panel facing the first display panel, and a liquid crystal layer interposed between the first display panel and the second display panel, and a method of manufacturing the liquid crystal display panel. The second display panel includes a light emitting element displaying a color, an insulating layer disposed on the light emitting element and including a rubbed surface, a polarization layer disposed on the insulating layer and opposite to the light emitting element with respect to the insulating layer, and a common electrode disposed on the polarization layer and facing the pixel electrode.