diff --git a/package/libpng/libpng.hash b/package/libpng/libpng.hash
index b57b1251a0..34b0a8a8b6 100644
--- a/package/libpng/libpng.hash
+++ b/package/libpng/libpng.hash
@@ -1,6 +1,6 @@
-# From https://sourceforge.net/projects/libpng/files/libpng16/1.6.37/
-md5  015e8e15db1eecde5f2eb9eb5b6e59e9  libpng-1.6.37.tar.xz
-sha1  3ab93fabbf4c27e1c4724371df408d9a1bd3f656  libpng-1.6.37.tar.xz
+# From https://sourceforge.net/projects/libpng/files/libpng16/1.6.38/
+md5  122e6b7837811698563083b352bc8ca2  libpng-1.6.38.tar.xz
+sha1  60960ed110094843e5efa221df6a7d21614a4dba  libpng-1.6.38.tar.xz
 # Locally computed:
-sha256  505e70834d35383537b6491e7ae8641f1a4bed1876dbfe361201fc80868d88ca  libpng-1.6.37.tar.xz
-sha256  bf5e22b9dce8464064ae17a48ea1133c3369ac9e1d80ef9e320e5219aa14ea9b  LICENSE
+sha256  b3683e8b8111ebf6f1ac004ebb6b0c975cd310ec469d98364388e9cedbfa68be  libpng-1.6.38.tar.xz
+sha256  dfe5a536b0e5a531f844fb9c101a3089aca60772a503893b8e15f9457e369960  LICENSE
diff --git a/package/libpng/libpng.mk b/package/libpng/libpng.mk
index e4e629bbb5..43b4f373f1 100644
--- a/package/libpng/libpng.mk
+++ b/package/libpng/libpng.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-LIBPNG_VERSION = 1.6.37
+LIBPNG_VERSION = 1.6.38
 LIBPNG_SERIES = 16
 LIBPNG_SOURCE = libpng-$(LIBPNG_VERSION).tar.xz
 LIBPNG_SITE = http://downloads.sourceforge.net/project/libpng/libpng$(LIBPNG_SERIES)/$(LIBPNG_VERSION)