A video decoding method performed by a video decoding device according to this document comprises the steps of: parsing prediction weighted table syntax from a bitstream; parsing information on the number of reference pictures in a reference picture list from the prediction weighted table syntax; deriving weights for weighted prediction on the basis of the information on the number of reference pictures; deriving prediction samples of a current block by performing weighted prediction for the current block on the basis of the weights; and reconstructing a current picture on the basis of the prediction samples, wherein the prediction weighted table syntax may be parsed from a picture header of the bitstream.