Abstract: A liquid crystal display comprising: a transparent insulating substrate; a plurality of gate bus lines and a plurality of data bus lines arranged normal to the plurality of gate bus lines on the transparent insulating substrate, wherein a unit pixel region is defined by a region bounded by a pair of gate bus lines and a pair of data bus lines; a first electrode arranged parallel to the gate bus line within the unit pixel region; a first insulating layer formed on the first electrode; a second electrode formed at a selected portion of upper surface of the first insulating layer; a first transparent electrode formed within the unit pixel region, the first transparent electrode being apart by a selected distance from the second electrode, and being in contact with the first electrode; a second insulating layer formed on upper surface of the first insulating layer including the first transparent electrode and the second electrode; a second transparent electrode formed on the second insulating layer, the second tr