diff --git a/bom/application/pom.xml b/bom/application/pom.xml
index ad0effb0b0149..504e1b5d2e763 100644
--- a/bom/application/pom.xml
+++ b/bom/application/pom.xml
@@ -149,7 +149,7 @@
         <aws-xray.version>2.11.2</aws-xray.version>
         <azure-functions-java-library.version>1.4.2</azure-functions-java-library.version>
         <kotlin.version>1.6.21</kotlin.version>
-        <kotlin.coroutine.version>1.6.2</kotlin.coroutine.version>
+        <kotlin.coroutine.version>1.6.3</kotlin.coroutine.version>
         <kotlin-serialization.version>1.3.3</kotlin-serialization.version>
         <kubernetes-client.version>5.12.2</kubernetes-client.version> <!-- Please check with Java Operator SDK team before updating -->
         <dekorate.version>2.9.2</dekorate.version> <!-- Please check with Java Operator SDK team before updating -->