I am having the same problem (the error log looks slightly different, probably because I am using English Win11). I tried the solution posted above, but this made no difference.
I can force the utiliy to start, ignoring the error. Then the file updater works, but the utility does not load any characters, so most of the functionality is not working.
I tried to repair or re-install .Net 4.8.1, but Windows seems to think that everything is as it should be.
Any more suggestions for a solution?
Thanks,
Rhim
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