I don't think there'll be Kitkat update for LGOG,
LG is quite bad in term of software update.
like you, i don't think there will be, we know for sure there will be an update.
you didn't follow all the news recently?
it's more than normal to ...
i put the link like three times already.
anyway, rooted with towel root, unlocked bootloader with freegee. everything works ok.
i put the link above. it's here on xda.
here is the direct link to download.
i can confirm you that towelroot works. just installed it and root works.
here it is