diff --git a/.changes/03502878-f89d-4d73-94d5-0584d145657f.json b/.changes/03502878-f89d-4d73-94d5-0584d145657f.json
new file mode 100644
index 00000000000..3149610db7d
--- /dev/null
+++ b/.changes/03502878-f89d-4d73-94d5-0584d145657f.json
@@ -0,0 +1,8 @@
+{
+    "id": "03502878-f89d-4d73-94d5-0584d145657f",
+    "type": "bugfix",
+    "description": "Bump **smithy-kotlin** version to consume upstream fixes for URL parsing",
+    "issues": [
+        "awslabs/smithy-kotlin#1031"
+    ]
+}
\ No newline at end of file
diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index ebdc1bf23d2..122dc2ed829 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -9,8 +9,8 @@ coroutines-version = "1.7.3"
 atomicfu-version = "0.23.1"
 
 # smithy-kotlin codegen and runtime are versioned separately
-smithy-kotlin-runtime-version = "1.0.12"
-smithy-kotlin-codegen-version = "0.30.13"
+smithy-kotlin-runtime-version = "1.0.13"
+smithy-kotlin-codegen-version = "0.30.14"
 
 # codegen
 smithy-version = "1.42.0"