Procedure :

1. Install Drivers. Either you use LG Support Tool or download them directly. For me
the LGUnitedMobileDriver+3.14.1_ML_WHQL.exe worked just fine. Dont forget
to uninstall old drivers or you could run into problems.
2. Install QPST v2.7.378. Microsoft Visual C++ 2005 Redistributable is a prerequisite,
just confirm it.
3. Plug your device into your PC (USB port)
4. Run QPST Configuration from your Windows Start menu. Switch to the second tab
("Ports") and choose "Add new port" (bottom left button). You should see a COM
port associated with "USB/QD Diagnostic". Select it, then press Ok. You can close
the QPST Configuration window now.
5. Open Windows Explorer and browse to "C:\Program Files\Qualcomm\QPST\bin"
(or wherever you installed QPST) and launch RF_NV_Manager.exe. In RF NV
Manager, Go to "Settings / Comport". You should see your COM port in the
dropdown box. Select it, then press OK.
6. Go to "File" and choose "Read from phone". RF NV Manager will read all NV
items from the phone. Now if you see item #550, you will be able to alter it (see
below). If you cant find it, go to File and choose Read supported RF NV
Items. If you still can't find it, there is a way to create it. Take a look at the thread I
linked to.
7. Now comes the critical step of altering the IMEI. Select item #550 and you'll see 9
boxes on the right, a "Write NV" button and an "Hex" checkbox. Check the "Hex"
checkbox.
Now, you'll have to enter the IMEI in the 9 boxes in a very specific way. The easiest
way is to use the IMEI converter (for other method see linked thread). Put your
IMEI in, convert it and put the digits in the boxes (two number per box).
8. Now you can then press "Write NV" to write the IMEI value to your phone.
9. Once done, unplug the device, and reboot it. Now you IMEI should be changed. If
its not your number, take a look at the step seven again and check the video.