The way equilibrium constants are connected to equations is easy to remember if you note that energies associated with reactions follow linear rules (you multiply the rxn by a constant, energy is multiplied by the same constant, if you add or subtract reaction, you add or subtract energies) and that K's are linked to e to the gibb's free energy, you realize that multiplying a rxn by a constant takes K to that power, reversing a reaction (energy x -1) inverts K (takes it to the -1), and adding an subtracting rxns becomes multiplying and dividing Ks.
So, what's been done to this rxn? It has been reversed and multiplied by 1/2. Therefore, the new K will be
K-1/2 or 1/K1/2
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