Disclosed is a display device. In detail, a liquid micro-shutter display device includes a light source emitting light, a transparent lower substrate positioned in an light path of the light source, an optical conversion unit performing at least one of a function of converting light from the light source into light having a different wavelength band corresponding to a sub-pixel and a function of reflecting ambient light corresponding to a sub-pixel, a transparent upper substrate positioned in an light path of light output from the optical conversion unit, and a liquid micro-shutter positioned between the transparent lower substrate and the transparent upper substrate and opening and closing the path of light or adjusting an open area.