Hungarian author Krasznahorkai wins Nobel Prize in Literature

Hungarian author Laszlo Krasznahorkai has been named the winner of this year's Nobel Prize in Literature. The Swedish Academy made the announcement on Thursday.

The 71-year-old writer was born in Hungary and studied law and literature at university. His first novel "Satantango" was published in 1985. The story in a Hungarian village was later made into a movie. He won Britain's prestigious Man Booker International Prize in 2015. The Swedish Academy said Krasznahorkai was given the award "for his compelling and visionary oeuvre that, in the midst of apocalyptic terror, reaffirms the power of art."