diff --git a/acm-repos/kfp-standalone-1/kfp-all.yaml b/acm-repos/kfp-standalone-1/kfp-all.yaml
index 87590d0aa..daae8c1e1 100644
--- a/acm-repos/kfp-standalone-1/kfp-all.yaml
+++ b/acm-repos/kfp-standalone-1/kfp-all.yaml
@@ -2407,7 +2407,7 @@ data:
   DEFAULT_CACHE_STALENESS: ""
   MAXIMUM_CACHE_STALENESS: ""
   appName: kfp-standalone-1
-  appVersion: 2.0.2
+  appVersion: 2.0.3
   autoUpdatePipelineDefaultVersion: "true"
   bucketName: mlpipeline
   cacheDb: cachedb
@@ -2796,7 +2796,7 @@ spec:
           valueFrom:
             fieldRef:
               fieldPath: metadata.namespace
-        image: gcr.io/ml-pipeline/cache-deployer:2.0.2
+        image: gcr.io/ml-pipeline/cache-deployer:2.0.3
         imagePullPolicy: Always
         name: main
       restartPolicy: Always
@@ -2888,7 +2888,7 @@ spec:
               fieldPath: metadata.namespace
         - name: WEBHOOK_PORT
           value: "8443"
-        image: gcr.io/ml-pipeline/cache-server:2.0.2
+        image: gcr.io/ml-pipeline/cache-server:2.0.3
         imagePullPolicy: Always
         name: server
         ports:
@@ -2977,7 +2977,7 @@ spec:
         component: metadata-envoy
     spec:
       containers:
-      - image: gcr.io/ml-pipeline/metadata-envoy:2.0.2
+      - image: gcr.io/ml-pipeline/metadata-envoy:2.0.3
         name: container
         ports:
         - containerPort: 9090
@@ -3094,7 +3094,7 @@ spec:
           valueFrom:
             fieldRef:
               fieldPath: metadata.namespace
-        image: gcr.io/ml-pipeline/metadata-writer:2.0.2
+        image: gcr.io/ml-pipeline/metadata-writer:2.0.3
         name: main
         resources:
           limits:
@@ -3267,7 +3267,7 @@ spec:
             secretKeyRef:
               key: secretkey
               name: mlpipeline-minio-artifact
-        image: gcr.io/ml-pipeline/api-server:2.0.2
+        image: gcr.io/ml-pipeline/api-server:2.0.3
         imagePullPolicy: IfNotPresent
         livenessProbe:
           exec:
@@ -3350,7 +3350,7 @@ spec:
               fieldPath: metadata.namespace
         - name: NUM_WORKERS
           value: "2"
-        image: gcr.io/ml-pipeline/persistenceagent:2.0.2
+        image: gcr.io/ml-pipeline/persistenceagent:2.0.3
         imagePullPolicy: IfNotPresent
         name: ml-pipeline-persistenceagent
         resources:
@@ -3404,7 +3404,7 @@ spec:
             configMapKeyRef:
               key: cronScheduleTimezone
               name: pipeline-install-config
-        image: gcr.io/ml-pipeline/scheduledworkflow:2.0.2
+        image: gcr.io/ml-pipeline/scheduledworkflow:2.0.3
         imagePullPolicy: IfNotPresent
         name: ml-pipeline-scheduledworkflow
       serviceAccountName: ml-pipeline-scheduledworkflow
@@ -3452,7 +3452,7 @@ spec:
               name: mlpipeline-minio-artifact
         - name: ALLOW_CUSTOM_VISUALIZATIONS
           value: "true"
-        image: gcr.io/ml-pipeline/frontend:2.0.2
+        image: gcr.io/ml-pipeline/frontend:2.0.3
         imagePullPolicy: IfNotPresent
         livenessProbe:
           exec:
@@ -3526,7 +3526,7 @@ spec:
           valueFrom:
             fieldRef:
               fieldPath: metadata.namespace
-        image: gcr.io/ml-pipeline/viewer-crd-controller:2.0.2
+        image: gcr.io/ml-pipeline/viewer-crd-controller:2.0.3
         imagePullPolicy: Always
         name: ml-pipeline-viewer-crd
       serviceAccountName: ml-pipeline-viewer-crd-service-account
@@ -3555,7 +3555,7 @@ spec:
         application-crd-id: kubeflow-pipelines
     spec:
       containers:
-      - image: gcr.io/ml-pipeline/visualization-server:2.0.2
+      - image: gcr.io/ml-pipeline/visualization-server:2.0.3
         imagePullPolicy: IfNotPresent
         livenessProbe:
           exec:
@@ -3668,7 +3668,7 @@ spec:
       - env:
         - name: PROXY_URL
           value: https://datalab-staging.cloud.google.com/tun/m/4592f092208ecc84946b8f8f8016274df1b36a14
-        image: gcr.io/ml-pipeline/inverse-proxy-agent:2.0.2
+        image: gcr.io/ml-pipeline/inverse-proxy-agent:2.0.3
         imagePullPolicy: IfNotPresent
         name: proxy-agent
       hostNetwork: true
@@ -3785,7 +3785,7 @@ spec:
       url: https://github.com/kubeflow/pipelines
     notes: Please go to [Hosted Kubeflow Pipelines Console](https://console.cloud.google.com/ai-platform/pipelines/clusters).
     type: Kubeflow Pipelines
-    version: 2.0.2
+    version: 2.0.3
   info:
   - name: Console
     value: https://console.cloud.google.com/ai-platform/pipelines/clusters
diff --git a/test-infra/kfp/Makefile b/test-infra/kfp/Makefile
index 7cf3a38c3..fe7251582 100644
--- a/test-infra/kfp/Makefile
+++ b/test-infra/kfp/Makefile
@@ -16,7 +16,7 @@ KFP_STANDALONE_1_DIR=$(ACM_REPOS)/kfp-standalone-1
 
 # Please edit the following version before running:
 # make kfp-update
-PIPELINES_VERSION?=2.0.2
+PIPELINES_VERSION?=2.0.3
 PIPELINES_SRC_REPO=https://github.com/kubeflow/pipelines.git
 
 all: hydrate hydrate-kfp-manifests vet-kfp-manifests
diff --git a/test-infra/kfp/kfp-standalone-1/kustomize/upstream/Kptfile b/test-infra/kfp/kfp-standalone-1/kustomize/upstream/Kptfile
index 44d206927..c85aee5c9 100644
--- a/test-infra/kfp/kfp-standalone-1/kustomize/upstream/Kptfile
+++ b/test-infra/kfp/kfp-standalone-1/kustomize/upstream/Kptfile
@@ -7,12 +7,12 @@ upstream:
   git:
     repo: https://github.com/kubeflow/pipelines
     directory: /manifests/kustomize
-    ref: 2.0.2
+    ref: 2.0.3
   updateStrategy: resource-merge
 upstreamLock:
   type: git
   git:
     repo: https://github.com/kubeflow/pipelines
     directory: /manifests/kustomize
-    ref: 2.0.2
-    commit: 05f790f5add728ecf4a099c2110ffe7538b49704
+    ref: 2.0.3
+    commit: 932dbf6c10b851e94fbd8012016f2022a5045f00
diff --git a/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/cache-deployer/kustomization.yaml b/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/cache-deployer/kustomization.yaml
index 1e82e5ef3..de44a30c5 100644
--- a/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/cache-deployer/kustomization.yaml
+++ b/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/cache-deployer/kustomization.yaml
@@ -8,4 +8,4 @@ commonLabels:
   app: cache-deployer
 images:
   - name: gcr.io/ml-pipeline/cache-deployer
-    newTag: 2.0.2
+    newTag: 2.0.3
diff --git a/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/cache/kustomization.yaml b/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/cache/kustomization.yaml
index 2f2ca2f4b..24fa04023 100644
--- a/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/cache/kustomization.yaml
+++ b/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/cache/kustomization.yaml
@@ -10,4 +10,4 @@ commonLabels:
   app: cache-server
 images:
   - name: gcr.io/ml-pipeline/cache-server
-    newTag: 2.0.2
+    newTag: 2.0.3
diff --git a/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/installs/generic/pipeline-install-config.yaml b/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/installs/generic/pipeline-install-config.yaml
index 7db42dd8c..2a6225a55 100644
--- a/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/installs/generic/pipeline-install-config.yaml
+++ b/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/installs/generic/pipeline-install-config.yaml
@@ -13,7 +13,7 @@ data:
     until the changes take effect. A quick way to restart all deployments in a
     namespace: `kubectl rollout restart deployment -n <your-namespace>`.
   appName: pipeline
-  appVersion: 2.0.2
+  appVersion: 2.0.3
   dbHost: mysql # relic to be removed after release
   dbPort: "3306" # relic to be removed after release
   dbType: mysql
diff --git a/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/metadata/base/kustomization.yaml b/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/metadata/base/kustomization.yaml
index b25f43b46..1988d30e0 100644
--- a/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/metadata/base/kustomization.yaml
+++ b/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/metadata/base/kustomization.yaml
@@ -9,4 +9,4 @@ resources:
   - metadata-grpc-sa.yaml
 images:
   - name: gcr.io/ml-pipeline/metadata-envoy
-    newTag: 2.0.2
+    newTag: 2.0.3
diff --git a/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/pipeline/kustomization.yaml b/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/pipeline/kustomization.yaml
index 492b72b00..90b2d713c 100644
--- a/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/pipeline/kustomization.yaml
+++ b/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/pipeline/kustomization.yaml
@@ -37,14 +37,14 @@ resources:
   - kfp-launcher-configmap.yaml
 images:
   - name: gcr.io/ml-pipeline/api-server
-    newTag: 2.0.2
+    newTag: 2.0.3
   - name: gcr.io/ml-pipeline/persistenceagent
-    newTag: 2.0.2
+    newTag: 2.0.3
   - name: gcr.io/ml-pipeline/scheduledworkflow
-    newTag: 2.0.2
+    newTag: 2.0.3
   - name: gcr.io/ml-pipeline/frontend
-    newTag: 2.0.2
+    newTag: 2.0.3
   - name: gcr.io/ml-pipeline/viewer-crd-controller
-    newTag: 2.0.2
+    newTag: 2.0.3
   - name: gcr.io/ml-pipeline/visualization-server
-    newTag: 2.0.2
+    newTag: 2.0.3
diff --git a/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/pipeline/metadata-writer/kustomization.yaml b/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/pipeline/metadata-writer/kustomization.yaml
index f27ba7768..b50351108 100644
--- a/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/pipeline/metadata-writer/kustomization.yaml
+++ b/test-infra/kfp/kfp-standalone-1/kustomize/upstream/base/pipeline/metadata-writer/kustomization.yaml
@@ -7,4 +7,4 @@ resources:
   - metadata-writer-sa.yaml
 images:
   - name: gcr.io/ml-pipeline/metadata-writer
-    newTag: 2.0.2
+    newTag: 2.0.3
diff --git a/test-infra/kfp/kfp-standalone-1/kustomize/upstream/env/gcp/inverse-proxy/kustomization.yaml b/test-infra/kfp/kfp-standalone-1/kustomize/upstream/env/gcp/inverse-proxy/kustomization.yaml
index 064b19518..827f96197 100644
--- a/test-infra/kfp/kfp-standalone-1/kustomize/upstream/env/gcp/inverse-proxy/kustomization.yaml
+++ b/test-infra/kfp/kfp-standalone-1/kustomize/upstream/env/gcp/inverse-proxy/kustomization.yaml
@@ -2,7 +2,7 @@ apiVersion: kustomize.config.k8s.io/v1beta1
 kind: Kustomization
 images:
   - name: gcr.io/ml-pipeline/inverse-proxy-agent
-    newTag: 2.0.2
+    newTag: 2.0.3
 resources:
   - proxy-configmap.yaml
   - proxy-deployment.yaml