A liquid crystal display (LCD) device with a touch screen function is provided. The LCD device includes a liquid crystal panel layer including a liquid crystal layer filled between first and second substrates, and a touch panel layer which is formed on the first substrate, includes at least one phase compensating means stacked therein, and detects a contact point when an upper electrode and a lower electrode come into contact with each other due to external pressure, wherein the phase compensating means is patterned so that the upper electrode and the lower electrode are able to contact each other, and thus outdoor visibility and viewing angle characteristics can be effectively improved.