A transflective liquid crystal display (LCD) includes: a first substrate formed with a thin film transistor and a pixel electrode connected to the thin film transistor; a second substrate formed with a common electrode and a color filter and facing the first substrate; a liquid crystal layer formed between the first substrate and the second substrate; a first polarizing plate disposed at one side of the first substrate that does not face the second substrate; a second polarizing plate disposed at one side of the second substrate that does not face the first substrate; a cholesteric film formed on the first substrate; and a backlight unit disposed at one side of the first polarizing plate that does not face the first substrate.