The present disclosure relates to a wireless communication system, and a method, performed by a terminal, of transmitting and receiving control information in a wireless communication system according to an embodiment may include receiving, from a base station, an indication of whether to perform dynamic precoding resource block (PRB) bundling through higher layer signaling and, when the dynamic PRB bundling is indicated, dynamically determining a size of a precoding resource block group (PRG) based on downlink control information (DCI).