Disclosed herein are a printed circuit board (PCB) and a method of manufacturing the same. The PCB includes a core layer, metal bumps embedded in the core layer, one surface of the metal bumps being opened to the outside, and a solder resist layer including an opening is manufactured by a separating substrate manufacture method. In the PCB, empty space between the bumps is filled with an insulating material instead of solder resist, and thus, a problem in terms of an empty space between bumps is addressed without requiring a new solder resist process.