diff --git a/bom/application/pom.xml b/bom/application/pom.xml
index 7242af25bd99c..e6f8ae173286f 100644
--- a/bom/application/pom.xml
+++ b/bom/application/pom.xml
@@ -154,7 +154,7 @@
         <kotlin.version>2.0.0</kotlin.version>
         <kotlin.coroutine.version>1.8.1</kotlin.coroutine.version>
         <azure.toolkit-lib.version>0.27.0</azure.toolkit-lib.version>
-        <kotlin-serialization.version>1.7.0</kotlin-serialization.version>
+        <kotlin-serialization.version>1.7.1</kotlin-serialization.version>
         <dekorate.version>4.1.3</dekorate.version> <!-- Please check with Java Operator SDK team before updating -->
         <maven-invoker.version>3.2.0</maven-invoker.version>
         <awaitility.version>4.2.1</awaitility.version>