diff --git a/CHANGELOG.md b/CHANGELOG.md
index a66a9463138..dab57d2ed7a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -156,6 +156,7 @@ Ref: https://keepachangelog.com/en/1.0.0/
 * (modules/light-clients/06-solomachine) [\#122](https://github.com/cosmos/ibc-go/pull/122) Fix solo machine merkle prefix casting bug. 
 * (modules/light-clients/06-solomachine) [\#120](https://github.com/cosmos/ibc-go/pull/120) Fix solo machine handshake verification bug. 
 * (modules/light-clients/06-solomachine) [\#153](https://github.com/cosmos/ibc-go/pull/153) fix solo machine connection handshake failure at `ConnectionOpenAck`.
+* (modules/core) [\#603](https://github.com/cosmos/ibc-go/pull/603) Fix module name emitted as part of `OnChanOpenInit` event. Replacing `connection` module name with `channel`.
 
 ### API Breaking
 
@@ -214,4 +215,4 @@ Please see the Release Notes for [v0.41.x](https://github.com/cosmos/cosmos-sdk/
 
 The IBC module was removed in the commit hash [da064e13d56add466548135739c5860a9f7ed842](https://github.com/cosmos/cosmos-sdk/commit/da064e13d56add466548135739c5860a9f7ed842) on the SDK. The release for SDK v0.43.0 will be the first release without the IBC module.
 
-Backports should be made to the [release/v0.42.x](https://github.com/cosmos/cosmos-sdk/tree/release/v0.42.x) branch on the SDK.
\ No newline at end of file
+Backports should be made to the [release/v0.42.x](https://github.com/cosmos/cosmos-sdk/tree/release/v0.42.x) branch on the SDK.