After these steps, the error will be gone for good.

If the repair fails, you should perform a clean reinstall using your original installation disc or the official installer provided by Corel Support Common Installation Paths

An antivirus program quarantined the file, mistaking it for a threat.

No legitimate software repair or DLL download site will ever ask you to manually place a psikey-2.dll file. If you see that recommendation, you are likely looking at a pirate’s guide or a malware trap.