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Furthermore, having a character in a trade hub allows you to sell off expensive loot at a good price, and buying expensive ships and modules at a relatively low price, using sell orders and buy orders respectively.
First of all, it will generate ISK for you with relatively low time investment, allowing you to fund your other EVE activities such as Pv P, or even allowing you to pay for your account.
Poor standings might make a faction's navy attack you in its space.
The only way to increase your standing with a corporation is to complete missions for that corporation.
Empyrean Age, EVE Online's 9th official expansion Release date: June 10, 2008 Empyrean Age, previously named Kali 4, is the name of the ninth expansion of Eve Online and the last one in the Kali tetralogy.
CCP has included Factional Warfare in this release.