Prepare the yeast mixture by combining warm milk and yeast in a bowl.

In a large mixing bowl, combine flour and sugar, then cut in chilled butter until crumbly.

Add the bloomed yeast and milk mixture to the flour mixture, then knead to form a dough.

Let the dough rise in a greased bowl covered with a kitchen towel for 1 hour or until doubled in size.

Prepare the apple filling by mixing diced apples, cinnamon, nutmeg, and sugar in a bowl.

Roll out the dough into a large rectangle on a floured surface.

Spread the apple filling evenly over the dough, leaving edges free.

Fold the dough over the filling and seal the edges, then shape it into a ring.

Place the Kringle on a baking sheet lined with parchment paper and let it rise for another 30 minutes.

Preheat the oven to 350°F (175°C) and brush the Kringle with beaten egg before baking.

Bake the Kringle for 25-30 minutes or until golden brown.

Allow the Kringle to cool slightly, then dust with powdered sugar before serving.