As a fundamental structural element of construction, a pile is constructed to transfer loads from superstructure to foundation. In general, since the pile foundation is constructed in the ground or ground under water, it is difficult to protect from the damages due to moisture and/or salt which create corrosive environment and it is even more difficult to estimate its durability. In this study, in order to enhance the durability and constructibility of the pile foundation, FRP-concrete hybrid composite pile (HCFFT) is suggested. Moreover, equation for the prediction of load carrying capacity of HCFFT circular members under compression is suggested and discussed based on the results of analytical and experimental investigations. In addition, we also conducted the finite element simulation for the structural behavior of new HCFFT composite pile and the result is compared with those of experimental and analytical studies. In addition, the axial loading capacity of new HCFFT composite pile is compared with those of existing PHC pile and hollow circular steel pipe pile, and it was found that the new HCFFT composite pile has advantages over conventional PHC and steel pipe piles.