What is the Relation between phishing and hacking?

Phishing is the social engineering technique used to obtain the login details of a victim. These login details are then for instance used to hack the bank account or e-mail account of the victim.

Summary
Phishing: The data extraction method of sensitive data
Hacking: Using the sensitive data obtained from phishing

A:

Phishing is a form of Social Engineering where information is extracted from the user via non-technical means (but possibly over a technical medium like the Internet).

Hacking is overcoming (usually electronic) security via technical means, either hardware, programatic or both.

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