(CNN) -- Thongchai Jaidee has won the Ballantine's Championship in a play-off after the tournament at Jeju Island's Pinx Golf Club in South Korea ended in a three-way tie.
Thongchai's Korean victory was his second on the co-sanctioned European and Asian Tour.
The Thai trailed third-round leader Robert-Jan Derksen by four shots coming into the final day.
However, as the Dutchman fell away, Thongchai shot a round of two-under-par 70 to move into joint first alongside Spain's Gonzalo Fernandez-Castano and local player Kang Sung-hoon on four-under-par overall, to force an extra hole at the par-five 18th.
After both Thongchai and Kang placed their third shot close to the pin, the 39-year-old had to wait as Jeju Island native Kang placed his birdie attempt from six feet just wide of the hole.
He then stepped up and holed his own putt from five-foot to win his second co-sanctioned European and Asian Tour event of the year following his success at the Jakarta Indonesia Open in March.
Thongchai had trailed Fernandez-Castano then Kang by one shot for most of the fourth round. But, when the leading duo dropped shots at 17 and 18 respectively, Thongchai held par throughout his final eight holes after earlier carding three birdies and a bogey to force the extra hole.
He had to watch nervously, however, as both of his opponents had chances to pull further ahead after reaching the 18th green in three shots during their regular round.
Fernandez-Castano dropped off the pace with rounds of 74 and 76 over the next two rounds as wind and rain affected tournament.
He trailed Derksen by five shots at the start of play this morning, but a round of three-under 69, including four birdies and an eagle at the fourth, pushed the runner-up from last week's Volvo Open in Beijing to the top of the leaderboard.