Liquid crystal display and method of manufacturing the same

A liquid crystal display comprising:

• a first display panel comprising 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,
• wherein the second display panel comprises:
• a light emitting element displaying a color;
• an insulating layer disposed on the light emitting element and including a plurality of grooves;
• a polarization layer which contacts the insulating layer along a length of the grooves, and is opposite to the light emitting element with respect to the insulating layer;
• and
• a common electrode disposed on the polarization layer, facing the pixel electrode;
• wherein the polarization layer comprises a dichroic dye absorbing light of a visible ray region;
• wherein the grooves are each elongated in one direction, and the dichroic dye is filled in the grooves.