diff --git a/libs/libpng/Makefile b/libs/libpng/Makefile
index 039b6c8eb..f83381a42 100644
--- a/libs/libpng/Makefile
+++ b/libs/libpng/Makefile
@@ -8,12 +8,12 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=libpng
-PKG_VERSION:=1.2.37
+PKG_VERSION:=1.2.38
 PKG_RELEASE:=1
 
 PKG_SOURCE:=$(PKG_NAME)-$(PKG_VERSION).tar.bz2
 PKG_SOURCE_URL:=@SF/libpng
-PKG_MD5SUM:=6d1ee0888dbb711214943cb19c294b49
+PKG_MD5SUM:=5401c2586846fca209eba0c02c8ee9e0
 
 PKG_FIXUP = libtool
 
diff --git a/libs/libpng/patches/100-config_fix.patch b/libs/libpng/patches/100-config_fix.patch
index 7b594637d..852aec7be 100644
--- a/libs/libpng/patches/100-config_fix.patch
+++ b/libs/libpng/patches/100-config_fix.patch
@@ -13,7 +13,7 @@
 @@ -6,5 +6,5 @@
  Name: libpng
  Description: Loads and saves PNG files
- Version: 1.2.37
+ Version: 1.2.38
 -Libs: -L${libdir} -lpng12
 +Libs: -lpng12
  Cflags: -I${includedir}