diff --git a/CMakeLists.txt b/CMakeLists.txt
index 31c6fe31..edd25b29 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -7,7 +7,7 @@ endif (NOT CMAKE_BUILD_TYPE)
 enable_language(C ASM)
 
 project(mckernel C ASM)
-set(MCKERNEL_VERSION "1.7.7")
+set(MCKERNEL_VERSION "1.7.8")
 
 # See "Fedora Packaging Guidelines -- Versioning"
 set(MCKERNEL_RELEASE "")
diff --git a/docs/NEWS.rst b/docs/NEWS.rst
index a081aa47..b637907d 100644
--- a/docs/NEWS.rst
+++ b/docs/NEWS.rst
@@ -1,3 +1,27 @@
+=============================================
+Version 1.7.8 (Mar 12, 2021)
+=============================================
+
+----------------------
+IHK major updates
+----------------------
+N/A
+
+------------------------
+IHK major bug fixes
+------------------------
+#. ihklib: ihk_reserve_cpu: fix job cpu check when using krm
+
+----------------------
+McKernel major updates
+----------------------
+N/A
+
+------------------------
+McKernel major bug fixes
+------------------------
+N/A
+
 =============================================
 Version 1.7.7 (Mar 11, 2021)
 =============================================
diff --git a/ihk b/ihk
index 8da09178..2ced7eda 160000
--- a/ihk
+++ b/ihk
@@ -1 +1 @@
-Subproject commit 8da09178786215e681baf67df2b40cab3128fca5
+Subproject commit 2ced7eda65eba5da05400c56de95bf50404f5a17