diff --git a/CHANGELOG.md b/CHANGELOG.md
index da721cdaa..0ca81c5e6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,12 @@ and Yorkie adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html)
 
 ## [Unreleased]
 
+## [0.5.3] - 2024-09-23
+
+## Changed
+
+- Introduce VersionVector by @JOOHOJANG in https://github.com/yorkie-team/yorkie/pull/1047
+
 ## [0.5.2] - 2024-09-22
 
 ## Changed
diff --git a/Makefile b/Makefile
index 2e974ebf0..6e592d785 100644
--- a/Makefile
+++ b/Makefile
@@ -1,4 +1,4 @@
-YORKIE_VERSION := 0.5.2
+YORKIE_VERSION := 0.5.3
 
 GO_PROJECT = github.com/yorkie-team/yorkie
 
diff --git a/api/docs/yorkie.base.yaml b/api/docs/yorkie.base.yaml
index 888b2893f..4de3da019 100644
--- a/api/docs/yorkie.base.yaml
+++ b/api/docs/yorkie.base.yaml
@@ -2,7 +2,7 @@ openapi: 3.1.0
 info:
   title: Yorkie
   description: "Yorkie is an open source document store for building collaborative editing applications."
-  version: v0.5.2
+  version: v0.5.3
 servers:
   - url: https://api.yorkie.dev
     description: Production server
diff --git a/api/docs/yorkie/v1/admin.openapi.yaml b/api/docs/yorkie/v1/admin.openapi.yaml
index 40c7bdb86..4fe6cbe1d 100644
--- a/api/docs/yorkie/v1/admin.openapi.yaml
+++ b/api/docs/yorkie/v1/admin.openapi.yaml
@@ -4,7 +4,7 @@ info:
     Yorkie is an open source document store for building collaborative
     editing applications.
   title: Yorkie
-  version: v0.5.2
+  version: v0.5.3
 servers:
   - description: Production server
     url: https://api.yorkie.dev
@@ -701,7 +701,7 @@ components:
             - type: number
           title: server_seq
         versionVector:
-          $ref: '#/components/schemas/yorkie.v1.VersionVector'
+          $ref: "#/components/schemas/yorkie.v1.VersionVector"
           additionalProperties: false
           description: ""
           title: version_vector
@@ -972,7 +972,7 @@ components:
           title: snapshot
           type: string
         versionVector:
-          $ref: '#/components/schemas/yorkie.v1.VersionVector'
+          $ref: "#/components/schemas/yorkie.v1.VersionVector"
           additionalProperties: false
           description: ""
           title: version_vector
@@ -2262,8 +2262,8 @@ components:
           additionalProperties: false
           description: ""
           oneOf:
-          - type: string
-          - type: number
+            - type: string
+            - type: number
           title: value
       title: VectorEntry
       type: object
diff --git a/api/docs/yorkie/v1/cluster.openapi.yaml b/api/docs/yorkie/v1/cluster.openapi.yaml
index c5f1a10c5..7a5988a23 100644
--- a/api/docs/yorkie/v1/cluster.openapi.yaml
+++ b/api/docs/yorkie/v1/cluster.openapi.yaml
@@ -4,7 +4,7 @@ info:
     Yorkie is an open source document store for building collaborative
     editing applications.
   title: Yorkie
-  version: v0.5.2
+  version: v0.5.3
 servers:
   - description: Production server
     url: https://api.yorkie.dev
diff --git a/api/docs/yorkie/v1/resources.openapi.yaml b/api/docs/yorkie/v1/resources.openapi.yaml
index 2ed0470ae..c6d6e2ae0 100644
--- a/api/docs/yorkie/v1/resources.openapi.yaml
+++ b/api/docs/yorkie/v1/resources.openapi.yaml
@@ -4,7 +4,7 @@ info:
     Yorkie is an open source document store for building collaborative
     editing applications.
   title: Yorkie
-  version: v0.5.2
+  version: v0.5.3
 servers:
   - description: Production server
     url: https://api.yorkie.dev
@@ -220,7 +220,7 @@ components:
             - type: number
           title: server_seq
         versionVector:
-          $ref: '#/components/schemas/yorkie.v1.VersionVector'
+          $ref: "#/components/schemas/yorkie.v1.VersionVector"
           additionalProperties: false
           description: ""
           title: version_vector
@@ -270,7 +270,7 @@ components:
           title: snapshot
           type: string
         versionVector:
-          $ref: '#/components/schemas/yorkie.v1.VersionVector'
+          $ref: "#/components/schemas/yorkie.v1.VersionVector"
           additionalProperties: false
           description: ""
           title: version_vector
@@ -1788,8 +1788,8 @@ components:
           additionalProperties: false
           description: ""
           oneOf:
-          - type: string
-          - type: number
+            - type: string
+            - type: number
           title: value
       title: VectorEntry
       type: object
diff --git a/api/docs/yorkie/v1/system.openapi.yaml b/api/docs/yorkie/v1/system.openapi.yaml
index ca650adcb..5ee860854 100644
--- a/api/docs/yorkie/v1/system.openapi.yaml
+++ b/api/docs/yorkie/v1/system.openapi.yaml
@@ -4,7 +4,7 @@ info:
     Yorkie is an open source document store for building collaborative
     editing applications.
   title: Yorkie
-  version: v0.5.2
+  version: v0.5.3
 servers:
   - description: Production server
     url: https://api.yorkie.dev
diff --git a/api/docs/yorkie/v1/yorkie.openapi.yaml b/api/docs/yorkie/v1/yorkie.openapi.yaml
index 3a72d7347..f568d23ac 100644
--- a/api/docs/yorkie/v1/yorkie.openapi.yaml
+++ b/api/docs/yorkie/v1/yorkie.openapi.yaml
@@ -4,7 +4,7 @@ info:
     Yorkie is an open source document store for building collaborative
     editing applications.
   title: Yorkie
-  version: v0.5.2
+  version: v0.5.3
 servers:
   - description: Production server
     url: https://api.yorkie.dev
@@ -428,7 +428,7 @@ components:
             - type: number
           title: server_seq
         versionVector:
-          $ref: '#/components/schemas/yorkie.v1.VersionVector'
+          $ref: "#/components/schemas/yorkie.v1.VersionVector"
           additionalProperties: false
           description: ""
           title: version_vector
@@ -478,7 +478,7 @@ components:
           title: snapshot
           type: string
         versionVector:
-          $ref: '#/components/schemas/yorkie.v1.VersionVector'
+          $ref: "#/components/schemas/yorkie.v1.VersionVector"
           additionalProperties: false
           description: ""
           title: version_vector
@@ -1585,8 +1585,8 @@ components:
           additionalProperties: false
           description: ""
           oneOf:
-          - type: string
-          - type: number
+            - type: string
+            - type: number
           title: value
       title: VectorEntry
       type: object
diff --git a/build/charts/yorkie-cluster/Chart.yaml b/build/charts/yorkie-cluster/Chart.yaml
index 3bcc21826..47cef6b73 100644
--- a/build/charts/yorkie-cluster/Chart.yaml
+++ b/build/charts/yorkie-cluster/Chart.yaml
@@ -11,8 +11,8 @@ maintainers:
 
 sources:
   - https://github.com/yorkie-team/yorkie
-version: 0.5.2
-appVersion: "0.5.2"
+version: 0.5.3
+appVersion: "0.5.3"
 kubeVersion: ">=1.23.0-0"
 
 dependencies: