Kumho recalls suspect tires and apologizes

BEIJING - The South Korean tire maker Kumho Tire Co Ltd promised to recall all its faulty products and formally apologized to Chinese consumers on Monday.

Last week, China Central Television revealed that the company's Tianjin plant had used too much recycled rubber in the tires made at the plant. The excessive use of the recycled material could lead to bulges in the tires, or even result in them splitting, which has the potential to cause accidents, according to the report.

Previously, the company reportedly denied the accusation, but it apologized by releasing a formal statement in a China Central Television program on Monday.