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Yonhap News Summary
The following is the first summary of major stories moved by Yonhap News Agency on Monday.

(LEAD) Park replaces chief of staff, names 4 new senior secretaries
SEOUL -- President Park Geun-hye replaced her chief of staff Monday, naming a former three-term lawmaker to the key post, in a surprise decision that appears to show she is trying to start anew after her difficult first six months in office.

   Kim Ki-choon, who served as prosecutor general and justice minister before entering into politics in 1996 and serving three terms as a legislator until 2008, was named to replace Huh Tae-yeol as Park's chief of staff, senior presidential press secretary Lee Jung-hyun announced.

S. Korea's FX reserves hit record high in July
SEOUL -- South Korea's foreign-exchange reserves rose to a record high in July following the largest fall in 13 months in June as a weaker U.S. dollar raised the conversion value of non-dollar assets, the central bank said Monday.

   The country's foreign reserves reached US$329.71 billion as of end-July, up $3.27 billion from the previous month, according to the Bank of Korea (BOK).

N. Korea stays mute on Kaesong talks proposal
SEOUL -- North Korea remained silent over the "final talks" proposal for reopening a suspended inter-Korean factory park on Monday, the government said, a day after Seoul warned it is losing patience with Pyongyang's reticence.

   The Ministry of Unification, which handles all inter-Korean affairs, said the communist country did not send any message to the South regarding the dialogue offer when the first daily contact was made at 9 a.m. via the inter-Korean communications line that runs through the neutral truce village of Panmunjom.

S. Korea to open final bidding for fighter jets next week
SEOUL -- South Korea's arms procurement agency will begin the final round of bidding for a 8.3 trillion won (US$7.2 billion) deal to buy 60 fighter jets next week, following a six-week hiatus due to overpriced proposals, a senior official said Monday.

   The Defense Acquisition Program Administration (DAPA) in early July suspended the bidding for the nation's largest arms import deal because the bids made by three aerospace giants were higher than the budget approved by the Parliament.

(LEAD) Park In-bee comes up short in bid to win fourth consecutive major
ST ANDREWS, Scotland -- South Korean Park In-bee came up well short in her bid to win her fourth LPGA major in a row on Sunday, finishing tied for 42nd at the Ricoh Women's British Open.

   Park closed out the tournament with a 6-over 78 on Sunday at the par-72 Old Course at St Andrews, 14 shots behind the champion, Stacy Lewis of the United States. Park ended her tournament at 6-over 294.