If your game is not correctly installed this error may occur. Along with many fixes to this problem, the easiest way to fix it is to;
Run PUBG as an administrator way. To simply to do this depending on where you have installed Steam on your computer. Head over to the Steam file then get to the following files, steamapps>common>PUBG>TslGame>Binaries>Win64> TsLGame.exe
From here you need to right click the TsLGame.exe and select un as administrator.
If this still doesn’t resolve your issue you might need to make sure you have the latest version of your graphic card’s driver.
To check the latest AMD graphic cards drivers click here
To check the latest nVidia graphic cards drivers click here
Also, you can try to re-install Visual C++
You can also get the latest version of Visual C++ by clicking here