Koç Holding

🚨 Reasons for Boycotting Koç Holding

Koç Holding is Turkey's largest industrial conglomerate, founded in 1926 and operating in automotive, home appliances, energy, finance, and defense. The company owns iconic brands such as Arçelik, Beko, Grundig, and Altus in home appliances, Otokar in defense manufacturing, Yapı Kredi in banking, and Düzey in catering services. While the company does not sell weapons directly, it is deeply embedded in the israeli economy and military infrastructure through a strategic partnership with israeli company Nayax, Beko's operations in israil via a fully owned subsidiary, the manufacturing of armored vehicles in collaboration with Rafael Advanced Defense Systems, and hosting the israeli Consulate in the Yapı Kredi Plaza building.

1. Strategic Partnership with israeli Nayax (2023): In September 2023, israeli company Nayax Ltd. (listed on Nasdaq and TASE) announced a strategic partnership with Düzey, a subsidiary of Koç Holding. Under the agreement, Nayax devices were installed on vending machines at public locations and Koç Holding factory locations throughout Turkey. Additionally, Nayax's Nova Market self-checkout kiosk was set up at one of Koç Holding's TokenFlex locations with 3,000 workers. The partnership aims to expand to Europe with the potential to deploy tens of thousands of units. Thus, Koç Holding integrates israeli technology into its daily operations and shares consumer data with an israeli company.Nayax Official Press Release: Nayax Announces a Strategic Partnership with Düzey in Turkey (September 2023)Kiosk Marketplace: Nayax teams with Turkish conglomerate on vending services (September 2023)ICE: Nayax expands in Europe with strategic partnership with Turkish company (September 2023)
2. Beko's Operations in israil via Fully Owned Subsidiary: In May 2024, Beko - owned by Arçelik, part of Koç Holding - completed its transition to a fully owned subsidiary in israil known as Beko israel Household Appliances Ltd. Beko israel was established in 2019 as an official representative office, and in 2024 it invested approximately NIS 1 million to rent a new showroom and offices in the Global Towers complex in Petah Tikva, spanning 500 square meters. In December 2024, Beko launched a campaign in israil worth NIS 1 million under the slogan "Reliability, Durability, Quality," with products available at approximately 250 sales points across israil. This means Beko's profits from the israeli market flow directly to Koç Holding.The Jerusalem Post: Beko Invests NIS 1M — New Showroom & Offices in Petah Tikva (March 2024)The Jerusalem Post: Beko launches new campaign in israel (December 2024)Arçelik Global: Beko israel Household Appliances Ltd. — Fully owned subsidiary (2024)
3. Manufacturing Armored Vehicles in Collaboration with israeli Rafael: Otokar, Koç Holding's defense company, produces armored vehicles in collaboration with israeli Rafael Advanced Defense Systems. According to documented reports, Otokar produces armored vehicles for Turkish security forces using israeli technology, while producing the same vehicles for the israeli military in collaboration with Rafael. For instance, the Otokar Tulpar vehicle was equipped with the israeli Rafael Samson turret and displayed at Eurosatory 2022. Rafael is an israeli company under the israeli Ministry of Defense, producing missiles, drones, and defense systems. Thus, Otokar is directly involved in the israeli military supply chain.soL: Koç Holding's Gaza hypocrisy — Otokar and Rafael collaboration (September 2025)ZBIAM: Eurosatory 2022 — Otokar Tulpar with Rafael Samson turret (June 2022)Wikipedia: Otokar Yavuz — Rafael overhead weapon station (israeli-made)
4. Hosting the israeli Consulate in Yapı Kredi Plaza: The israeli Consulate in Istanbul is located on the 7th floor of Yapı Kredi Plaza, a building owned by Yapı Kredi Bankası, a subsidiary of Koç Holding. Thus, Koç Holding hosts the israeli diplomatic mission on its property, providing logistical and legal cover for israel's diplomatic presence in Turkey. Reports also indicate that israeli trade representatives operate in Yapı Kredi Plaza offices in Istanbul and Ankara.Milliyet: israeli Consulate located in Yapı Kredi Plaza, 7th floor (April 2026)soL: israeli trade representatives operate in Yapı Kredi Plaza offices (September 2025)
5. Receiving israeli Trade Award (2017): In May 2017, the israeli government awarded Koç Holding a Trade Award in the category of "Use of israeli Technologies." The award was granted by the israel Export Institute and the israeli Ministry of Economy. Thus, Koç Holding is officially recognized by the israeli government for its contribution to spreading israeli technology in Turkey.Milliyet: THY'ye israil'den ödül — Koç Holding: israil teknolojilerinin kullanımı (May 2017)Ulaştırma: THY, israil'den ticaret ödülü aldı (May 2017)
6. Primary Institutional Shareholders: Vanguard and BlackRock - Largest Investors in israeli Weaponry: According to shareholder data, among Koç Holding's largest institutional shareholders are Vanguard Capital Management, LLC (1.47%) and BlackRock, Inc. (1.29%). Both firms are explicitly named in an official United Nations report (OHCHR) by Special Rapporteur Francesca Albanese, identified as being "among the largest investors in arms companies pivotal to the genocidal arsenal of israel." Specifically: BlackRock is the second largest institutional investor in Palantir and third largest in Lockheed Martin and Caterpillar; Vanguard is the largest institutional investor in Caterpillar and second largest in Lockheed Martin and Elbit Systems. Consequently, the profits Koç Holding generates flow partly to these two funds, which channel billions of dollars into the weapons industry used by israil in its genocidal war on Gaza.Investing.com: Koç Holding (KCHOL) Ownership — Vanguard 1.47%, BlackRock 1.29% (July 2026)ADVFN: Koç Holding (KCHOL) Ownership Distribution — Vanguard 1.84%, BlackRock 1.26% (July 2026)UN OHCHR: Report of the Special Rapporteur Francesca Albanese (2025)
7. Stark Double Standards in Crisis Response: In September 2025, Ömer Koç, Chairman of Koç Holding, gave a speech at the opening of the Istanbul Biennial stating: "I cannot believe there are those who legitimize this horrific genocide," and expressed solidarity with "the people of Gaza." While he received applause, his companies continued their partnership with israeli Nayax, operated Beko as a fully owned subsidiary in israil, produced armored vehicles with Rafael, and hosted the israeli Consulate at Yapı Kredi Plaza. This stark contradiction between public rhetoric and actual actions exposes the company's claims of social responsibility.soL: Koç Holding's Gaza hypocrisy — Ömer Koç's biennial speech (September 2025)

🌐 Sources

Official and verifiable sources detailing Koç Holding's and its shareholders' involvement with israil:

• Nayax Official Press Release: Strategic Partnership with Düzey (September 2023)
• The Jerusalem Post: Beko Invests NIS 1M — New Showroom & Offices in Petah Tikva (March 2024)
• The Jerusalem Post: Beko launches new campaign in israel (December 2024)
• soL: Koç Holding's Gaza hypocrisy — Otokar-Rafael collaboration, Yapı Kredi Plaza (September 2025)
• Milliyet: THY'ye israil'den ödül — Koç Holding: israil teknolojilerinin kullanımı (May 2017)
• Investing.com: Koç Holding (KCHOL) Ownership — Vanguard 1.47%, BlackRock 1.29% (July 2026)
• ADVFN: Koç Holding (KCHOL) Ownership Distribution — Vanguard 1.84%, BlackRock 1.26% (July 2026)
• UN OHCHR: Report of the Special Rapporteur Francesca Albanese (2025)
• ZBIAM: Eurosatory 2022 — Otokar Tulpar with Rafael Samson turret (June 2022)
• Milliyet: israeli Consulate located in Yapı Kredi Plaza, 7th floor (April 2026)

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