The present disclosure relates to design of a line panel codebook and a method and an apparatus for transmission and reception based on it in a wireless communication system. A method in which a transmitter transmits a precoded signal to a receiver in a wireless communication system according to an embodiment of the present disclosure may include determining one or more codewords and a panel phase factor for each of a plurality of line panels equipped with the transmitter; precoding data which will be transmitted to the receiver based on the determined one or more codewords and a panel phase factor; and transmitting the precoded signal to the receiver.